Barrick Gold Corp's top shareholder said on Tuesday the miner should focus ...
- Barrick Gold Corp’s top shareholder said on Tuesday the miner should focus on striking a joint venture deal in Nevada with rival Newmont Mining Corp before considering a full-blown merger.
Barrick launched an $18 billion takeover offer for Newmont last month, which Newmont rejected. Both sides have said they agree their neighboring Nevada assets should be combined to cut costs, but they disagree on how this should be done. Barrick did not immediately respond to a request for comment. Barrick Chief Executive Mark Bristow told Reuters on Monday he was ready to seriously negotiate a Nevada joint venture.
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